Need Assistance? (254) 865-2211 or Send Secure E-Mail Retrieve Secure Email

Loading

Account Sweeps

Details

Sweep Down
When the from account balance goes up to a level referred to as limit, the excess funds are swept down to a level referred to as base. Limit: the balance the account goes up to before being swept down.
Sweep Up
When the to account goes down to a level referred to as limit, the balance is swept up to a level referred to as base. Limit: the balance the account goes down to before being swept up.
Monthly
On a specified day of the month, base amount will be transferred from the from account to the to account.
Weekly
On a specified weekday, a base amount will be transferred from the from account to the to account.
Same Day Up/Down
Used to keep the to account at a predetermined balance. The desired balance is entered in both the base and the limit. Limit: The balance the account is to be swept up or down to daily.
Sweep Down Fixed Amount
When the from account balance goes up to a level referred to as the limit, excess funds are swept down to account in fixed increments referred to as base. Limit: The balance the account goes up to before being swept down.
Sweep Up Fixed Amount
When the to account balance goes down to a level referred to as limit, excess funds are swept up from the from account in fixed increments entered in base. Limit: The balance the account goes down to before being swept up.
Collected
Like option 5 except based on collected balance. Limit: The collected balance the account is to be swept up or down to daily.

To Account is the account getting the money. From Account is the account giving the money.